DLG Management Acquires Mixed-Use Property In Chicago For $57M
3817-45 North Broadway, Chicago, IL, USA
$57,000,000
$94,527/SF
Building Size
603 SF
Asset Type
Mixed-use
Closing
Apr 6, 2021
About this deal
AI
The mixed-use property located at 3817-45 North Broadway in Chicago was involved in a recent closed transaction. The property is owned by Dave Gassman of DLG Management and was represented by broker Gershon Friedman of Meridian Capital Group.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $57,000,000
- Loan Terms: 15-year loan
The 15-year loan amount for this mixed-use property was $57,000,000. The transaction took place on April 7, 2021. The property is located at 3817-45 North Broadway in Chicago. Dave Gassman of DLG Management served as the landlord, while Gershon Friedman of Meridian Capital Group represented the property on the deal.
On the Map
$57,000,000
$94,527/SF
Mixed-use
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Chicago Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93